Fronted Letter of Credit Sublimit definition

Fronted Letter of Credit Sublimit means $150,000,000 (as may be increased from time to time with the consent of the Administrative Agent).
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Fronted Letter of Credit Sublimit means $75,000,000.
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Fronted Letter of Credit Sublimit means $50,000,000.
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Examples of Fronted Letter of Credit Sublimit in a sentence

  • Subject to Section 2.1, at the request of any Account Party, each Fronting Bank agrees, on and subject to the terms and conditions of this Agreement and in reliance upon the agreements of the Lenders set forth in this Section 3.2, to issue Letters of Credit as Fronted Letters of Credit for the account of such Account Party in Dollars from time to time during the Availability Period in an aggregate stated amount not to exceed the Fronted Letter of Credit Sublimit.

Related to Fronted Letter of Credit Sublimit

  • Letter of Credit Sublimit means an amount equal to the lesser of (a) the Aggregate Revolving Commitments and (b) $25,000,000. The Letter of Credit Sublimit is part of, and not in addition to, the Aggregate Revolving Commitments.

  • Letter of Credit Subfacility means $25,000,000.

  • Unused Letter of Credit Subfacility means an amount equal to the Letter of Credit Subfacility minus the sum of (a) the aggregate undrawn amount of all outstanding Letters of Credit plus, without duplication, (b) the aggregate Unpaid Drawings obligations with respect to a Letters of Credit.

  • Letter of Credit Outstandings means, at any time, the sum of (i) the aggregate Stated Amount of all outstanding Letters of Credit and (ii) the amount of all Unpaid Drawings.

  • Letter of Credit Commitment means, with respect to any Issuing Bank at any time, the amount set forth opposite such Issuing Bank’s name on Schedule I hereto under the caption “Letter of Credit Commitment” or, if such Issuing Bank has entered into one or more Assignment and Acceptances, set forth for such Issuing Bank in the Register maintained by the Administrative Agent pursuant to Section 9.07(d) as such Issuing Bank’s “Letter of Credit Commitment”, as such amount may be reduced at or prior to such time pursuant to Section 2.05.